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REGISTERED NUMBER: OC422340 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023

FOR

SHOGUN PRACTICAL KARATE LLP

SHOGUN PRACTICAL KARATE LLP (REGISTERED NUMBER: OC422340)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOGUN PRACTICAL KARATE LLP

GENERAL INFORMATION
for the year ended 31 May 2023







DESIGNATED MEMBERS: K Connell
D M Connell





REGISTERED OFFICE: Swatton Barn
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: OC422340 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

SHOGUN PRACTICAL KARATE LLP (REGISTERED NUMBER: OC422340)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,245 1,752

CURRENT ASSETS
Stocks 1,620 383
Debtors 5 75,164 33,637
Cash at bank - 10,061
76,784 44,081
CREDITORS
Amounts falling due within one year 6 4,388 1,021
NET CURRENT ASSETS 72,396 43,060
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

73,641

44,812

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

73,641

44,812

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 73,641 44,812
Amounts due from members 5 (75,074 ) (33,637 )
(1,433 ) 11,175

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 May 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SHOGUN PRACTICAL KARATE LLP (REGISTERED NUMBER: OC422340)

BALANCE SHEET - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19 February 2024 and were signed by:





D M Connell - Designated member

SHOGUN PRACTICAL KARATE LLP (REGISTERED NUMBER: OC422340)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Shogun Practical Karate LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% straight line basis

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2022 - 5 ) .

SHOGUN PRACTICAL KARATE LLP (REGISTERED NUMBER: OC422340)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 2,611
Additions 123
At 31 May 2023 2,734
DEPRECIATION
At 1 June 2022 859
Charge for year 630
At 31 May 2023 1,489
NET BOOK VALUE
At 31 May 2023 1,245
At 31 May 2022 1,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 75,164 33,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,920 -
Taxation and social security 1,163 665
Other creditors 305 356
4,388 1,021

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members rank equally alongside the other unsecured creditors.